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Secondaries

Carlyle Group LP

Taiwan's Eastern Media International bids for Carlyle's controlling stake in Eastern Broadcasting

Eastern Media International Corp., which currently owns a 30% stake in Eastern Broadcasting Co., is reportedly placing a bid to acquire Carlyle Group's entire 61% stake in Taiwan's largest broadcasting company.

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Le Groupe Lactalis SA

World's largest dairy group buys India's Tirumala Milk Products for $275M -sources

Le Groupe Lactalis reportedly acquired India's Tirumala Milk Products for $275 million. Lactalis bought the 74% stake held by Tirumala Milk's founders and the remaining 26% from private equity firm Carlyle Group.

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MCX

US private equity firm Blackstone lifts stake in MCX

US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.

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BlackRock Inc

BlackRock fund sells Singapore's Westin hotel to Daisho for $369M

BlackRock Inc's Asia Property Fund III is exiting its Westin hotel in Singapore to Tokyo-based property developer Daisho Group in a deal valued at S$468 million ($369 million).

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Gulf International Services (GIS)

Qatar energy firm GIS to buy out Japan partner with 30% stake acquisition

Qatar-based oil and gas drilling company Gulf Drilling International (GDI) is poised to become a wholly-owned subsidiary of Gulf International Services (GIS) with the latter acquiring the entire 30% stake held by Japan Drilling Corp (JDC), according to a GIS spokesman.

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Welspun Group

Australia's Leighton buys out Indian partner Welspun in $100M deal -source

Australian construction firm Leighton, is buyout out Welspun Group's 40% stake in the company in a $100-million deal (INR62 crore), according to a person directly familiar with the matter.

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Caixin Media Company Ltd

China Media Capital acquires stake in Caixin Media

Shanghai-based investment fund China Media Capital (CMC) purchased a stake in Beijing-based business media entity Caixin Media Company Ltd from Zhebao Media Holding Group Co Ltd for an undisclosed amount.

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The Mad Butcher

Mad Butcher owner takes stake in NZ Burger King patty supplier

Veritas Investments, the owner of the Mad Butcher business in New Zealand, is poised to spend $3.4 million in combined cash and shares to acquire a stake in the local Burger King patty supplier Kiwi Pacific Foods.

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Fukushima Nuclear Disaster

Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.

The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.

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Liberty Mutual Insurance Group

Liberty Insurance shells out €100M to acquire 49% stake in IBRC

Boston-based firm Liberty Mutual Insurance Group reportedly paid more than €100 million to acquire a 49% stake in Irish Bank Resolution Corporation (IRBC), amid plans to open 150 new technology jobs in Dublin, Ireland.

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Emcure Pharmaceuticals

Blackstone to sell its stake in Indian drug maker Emcure Pharma to Bain Capital for INR650 crore

Private equity firm Blackstone Group has put up for sale its 13.09% stake in Indian drug company Emcure Pharmaceuticals. The stake will be sold to rival private equity firm Bain Capital for INR650 crore.

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LIG Insurance Co. Ltd.

South Korea's LIG Insurance picks Goldman Sachs to advise on stake sale

LIG Insurance Co. has put up for sale a controlling stake of 20.96% in the South Korean non-life insurer to compensate investors for losses sustained after buying debt issued by its affiliate. It has hired Goldman Sachs Group to advise on the sale.

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Toyota Manila Bay Corp (TMBC)

GT Capital purchases 40.7% of Toyota dealership in the Philippines

Philippine-based conglomerate GT Capital Holdings Inc bought more than 40% of car dealership Toyota Manila Bay Corp (TMBC) in a deal valued at PHP502.25 million.

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NCG Banco

Six firms place bids for Spain's rescued NCG Banco

Spain's bank restructuring fund FROB on Monday announced that it had received six binding offers for a majority stake in bailed-out bank NCG Banco. Banks and private equity firms from Spain, Venezuela and US reportedly eye the NCG stake.

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Industry Ventures LLC logo

Secondary market investor Industry Ventures raises $425 mln fund

The San Francisco-based Industry Ventures, an investment firm that buys stakes in private companies through the secondary market, has raised a $425 million fund.

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